Regulatory
Leverage Shares by Themes Unveils Nine New 2X Single-Stock ETFs Tracking Key Players in the Technology Supply Chain
New leveraged ETF products expand trading options for tech supply chain participants.

Executive Summary
- Leverage Shares by Themes is launching nine new Cboe-listed, 2X leveraged single-stock ETFs.
- The funds target key players in the technology supply chain, covering semiconductor manufacturing, enterprise computing, networking infrastructure, and advanced communications.
- Trading begins June 23, 2026, with management fees ranging from 0.75% to 0.99% annually.
- The products are explicitly designed for active traders seeking amplified daily returns, with standard volatility and compounding risks disclosed.
- The underlying stocks include Cadence Design Systems, FormFactor, Entegris, Forgent Power Solutions, Air Transport Services Group, GlobalFoundries, Hewlett Packard Enterprise, MACOM Technology Solutions, and Semtech Corporation.
Material Impact
- The announcement represents a standard product expansion by an ETF provider rather than a fundamental shift for any single underlying company.
- Leveraged ETFs cater to short-term traders and do not typically drive long-term capital allocation, operational changes, or valuation re-ratings for the underlying equities.
- No material impact on revenue, profitability, or cash flow for the underlying companies is indicated.
- The event is routine market infrastructure development that adds liquidity and trading vehicles without altering business fundamentals.
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Company Overview
- Leverage Shares by Themes (advised by Themes Management Company LLC) is an ETF provider focused on leveraged and thematic investment products.
- The firm distributes funds through ALPS Distributors, Inc., and targets active traders seeking amplified exposure to specific sectors or single stocks.
- The nine new funds cover a broad range of technology supply chain participants, offering 200% daily exposure with daily rebalancing mechanisms.
- The products are explicitly marketed for short-term trading, with clear risk disclosures regarding volatility decay and compounding effects.